Singapore's Audience Analytics H1 profit jumps on higher contracted services fulfilment
Singapore's Audience Analytics H1 profit jumps on higher contracted services fulfilment
Overview
Singapore business media firm's H1 revenue rose 12.6% yr/yr on higher contracted service fulfilment
Net profit for H1 jumped over fourfold from prior year
Gross profit margin expanded to 43.1% on cost management and operational efficiencies
Outlook
Company expects continued demand for business impact assessment and networking platforms
Audience Analytics plans further investment in digitalisation and adoption of AI initiatives
Company will evaluate merger and acquisition opportunities to expand market presence
Result Drivers
CONTRACTED SERVICES - Co said higher fulfilment of contracted services drove revenue growth in H1
COST MANAGEMENT - Co attributed gross margin expansion to effective cost management and operational efficiencies
STRATEGIC INVESTMENTS - Co said investments in VeecoTech and Snowball strengthened digital capabilities and regional presence
Company press release: ID:nSN6vwHd0
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| S$3.91 mln |
|
H1 Net Income |
| S$640,000 |
|
H1 Gross Margin |
| 43.10% |
|
H1 Gross Profit |
| S$1.69 mln |
|
Reuters Recommended Reads
Aug 12 - Singapore's Heptamax International preliminary half-year revenue surges
Aug 10 - NIQ Global Intelligence Q2 revenue rises, partly on pricing strength
Aug 12 - Similarweb beats Q2 estimates on AI demand, lifts FY outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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